Given are the MCQ on Sale of Goods Act 1930-Legal Aspects of Business. Multiple choice Questions are a part of syllabus for various post graduation and Graduation courses. This MCQ’s can be considered for MCQ on Legal Aspects of Business LAB for MBA , BBA, B.com etc.
1. Condition is a stipulation which is
A. Essential to the main purpose of contract
B. Collateral to the main purpose of contract
C. Not essential to the main purpose of contract
D. Collateral to the main purpose of contract
Ans: A
2. The sale of goods Act deals only with goods which are ______________ in nature
A. Immovable
B. Movable
C. Specific
D. All of the above
Ans: B
3. Goods that are identified at the time of contract of sale is called ________________ goods
A. Specific Goods
B. ascertained goods
C. clear Goods
D. both a & b
Ans: D
4. _________________ is a Stipulation which is Collateral to purpose of contract
A. Condition
B. Warranty
C. Guaranty
D. Collateral Contract
Ans: B
5. __________________________ is the concept of “LET THE BUYER BEWARE”.
A. Information Center
B. Unfair Trade Practices
C. Caveat Emptor
D. Buyer Kingdom
Ans: C.
6. ___________________ and _______________ are the two parties involved in Contract of sale
A. Seller & Buyer
B. Agent & Principle
C. Customer & Sales man
D. Customer and supplier
Ans: A
7. It is a standard rule that risk follows ____________________
A. Seller
B. buyer
C. property
D. Possession
Ans: C.
8. The sale of Goods Act enforces in the year
A. 1935
B. 1930
C. 1945
D. 1955
Ans: B
9. The subject matter of the contract under Sale of goods Act must be
A. Money
B. Goods
C. Immovable Goods
D. All of the above
Ans: B
10. Sale under Sale of goods Act is a/an ____________________ contract
A. Executory
B. Executable
C. Executed
D. None of the above
Ans: C.
11. In sale the transfer of property in goods from the seller to the buyer takes place
A. At the end of contract
B. Immediately
C. In a future Date
D. Both a&b
Ans: D
12. In Agreement to sell the transfer of property in goods from the seller to the buyer takes place
A. At the end of contract
B. Immediately
C. In a future Date
D. Both b&c
Ans: C.
13. Which of the following is not a subject matter in a Sale of goods Act
A. Trade mark
B. Good will
C. Money
D. Water
Ans: C.
14. As per Sale of goods Act Movable goods does not include
A. Gas
B. Growing crop
C. Electricity
D. Money
Ans: D
15.The goods must be ________ goods for transferring the property in the goods
A. Ascertained
B. Unascertained
C. Future
D. All of the above
Ans: A
16. The subject matter of the contract must necessarily be _____________
A. Sale
B. Product
C. Service
D. Goods
Ans: A
17. A consideration in contract of sale must be ______________ only
A. Goods
B. movable only
C. price
D. Purchase
Ans: C.
18. Transfer or agree to transfer the _____________ of the goods is the purpose of sale of goods Act
A. Property
B. Possession
C. Value
D. Usage
Ans: B
19. A sale is a ______________ contract
A. Implied
B. Executed
C. Agreed
D. Executory
Ans: B
20. An agreement to sell is a ______________ contract
A. Implied
B. Executed
C. Agreed
D. Executory
Ans: D
21. A sale is said to be completed when ___________ is transferred from one party to the other party
A. Money
B. Goods
C. Interest
D. Ownership
Ans: D
22. In contract of sale the payment of price is __________ to the transfer of property in goods
A. concurrent
B. important
C. mandatory
D. immaterial
Ans: D
23. An agreement to sell will become a sale in _______________
A. Future date
B. immediate effect
C. 30 days
D. None of the above
Ans: A
24. An agreement to sell the transfer of ownership is ___________
A. Definite
B. Mandatory
C. Conditional
D. immaterial
Ans: C.
25. A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for ___________
A. price
B. interest
C. credit
D. value
Ans: A
26. In sale in case of loss of goods, the loss will fall on the _____________
A. offeror
B. buyer
C. seller
D. surety
Ans: B
27. In sale after the sale is done, the goods are in the possession of the seller, , in case of loss of goods, the loss will fall on the _________
A. offeror
B. buyer
C. seller
D. surety
Ans: B
28. A sold his laptop to B, but for some repairing purpose A retained the laptop with him. The laptop is stolen by C , in this case the loss will fall on
A. B
B. C
C. A
D. None of them
Ans: A
29. In case of Sale the risk is associated with___________________
A. money
B. goods
C. ownership
D. possession
Ans: C.
30. In case of sale the seller can sue the buyer for _________ in case of breach
A. damages
B. price
C. interest
D. fraud
Ans: B
31. In case of agreement to sell the seller can sue the buyer for _________ in case of breach
A. damages
B. price
C. interest
D. fraud
Ans: C.
32. ‘Goods’ means every kind of __________________ property
A. sellable
B. immovable
C. existing
D. movable
Ans: D
33. Which of the below said is not included in goods as per Sale of goods Act 1930
A. forming part of the land
B. stocks
C. Actionable claims
D. crop
Ans: C.
34. __________ cannot be a subject matter of Sale of goods
A. Gas
B. Electricity
C. Money
D. All of the above
(Ans: C.
35. ___________________ can be a subject matter of sale of goods Act
A. Trademark
B. patent
C. goodwill
D. All of the above
Ans: D
36. Existing goods can be classified as
A. Ascertained
B. Generic
C. both a & b
D. Nor a neither b
Ans: C.
37. Ascertained goods is otherwise called as _______________ goods
A. specific
B. generic
C. future
D. none of the above
Ans: A
38. Unascertained goods is otherwise called as _______________ goods
A. specific
B. generic
C. future
D. none of the above
Ans: B
39. Goods identified and agreed upon at the time a contract of sale is made is called
A. Ascertained
B. Specific
C. both a & b
D. Nor a neither b
Ans: C.
40. Goods indicated by description and not specifically identified
A. unascertained
B. generic
C. both a & b
D. none of the above
Ans: C.